On greater volumes, Tata Steel expects a 33-38 percent increase in net profit in the fourth quarter.
  • Economy
  • May 3, 2022, 2:09 p.m.

EBITDA (earnings before interest, taxes, depreciation, and amortisation) is expected to climb 12-13 percent, according to the analysts.

In Minutes, a Citi Trader's Error Wiped Out $315 Billion From Europe Stocks
  • Economy
  • May 3, 2022, 1:20 p.m.

Citigroup Inc. says its London trading desk was responsible for a flash collapse in Europe that sent equities plunging across the continent after a rapid 8% drop in Swedish stocks.

Adani Wilmar buys Kohinoor to strengthen its position in the Basmati rice market.
  • Economy
  • May 3, 2022, 1:11 p.m.

According to Adani Wilmar CEO and MD Angshu Mallick, the acquisition of Kohinoor will boost AWL's leadership in the basmati rising and FMCG market.

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